Richmond takes a daring step for homeowners
After a tumultuous meeting drawing hundreds of residents, the Richmond City Council voted to continue exploring a plan to rescue underwater mortgages by using the power of eminent domain.
Detroit bankruptcy coming to your city next, leaders warn
Detroit is the canary in the coalmine, warned speakers at a public forum on the city's bankruptcy, held this past Saturday, sponsored by Congressman John Conyers Jr.
To ease or not to ease, that is Fed's question
The Jackson Hole conference attended by many of the world's top economists, central bankers and policy makers revealed divisions over current Fed stimulus policy.
"Jury" to Bank of America: "You're guilty"
The willful wrongdoings of Bank of America were "put on trial" this week. The jury was composed of 200 housing and labor activists and the witnesses against BoA were actors playing parts. But the testimony was real.
Petition: Detroit Emergency Manager Kevyn Orr, please quit!
An online petition, supported by the Detroit branch of the NAACP, is calling on Kevyn Orr to resign for "vile and callous"comments.
Detroit's bankruptcy problem rooted in capitalism
Blame for Detroit's decline, and solutions Governor Rick Snyder and his appointed Emergency Manager Kevyn Orr proposed in today's bankruptcy press conference, left key players in that decline blameless.
Bank of America lied to homeowners and rewarded foreclosures, former employees say
Bank of America employees regularly lied to homeowners, according to sworn statements by former bank employees.
Stopping blight: One side of the anti-foreclosure fight
The fight to stop foreclosures and make the banks pay continued in Los Angeles on April 2.
Are corporations too big to prosecute?
These are banks, and bankers, whose failure precipitated the financial crisis, and the succeeding depression and bailouts. There have been bailouts, but, so far, no prosecutions of the CEO's.
Demonstrators tell Wall Street: Pay your taxes
"The one percent is getting wealthier; the 99 is not. We need jobs, not cuts to social services and Medicare."
